[Chart courtesy of MarketWatch.com] Moving the Markets It was pretty much a day of consolidation after the Dow pierced the 20k milestone yesterday, however, the S&P 500 managed to touch the 2,300 level but backed off and closed 3 points below it. Weighing on the S&P and Nasdaq was Qualcomm, which gave back 5% after a lower-than-expected rise in quarterly …
Dow Slices Through The 20,000 Milestone Marker
[Chart courtesy of MarketWatch.com] Moving the Markets It seemed like forever, but it’s been only 28 days of treading water before upward momentum was sufficient enough to conquer the 20k milestone. Looking back to the 800 plus point drop in the Dow during election night, which appeared to signal a return to bear market territory, it’s been a truly remarkable …
Earnings Push S&P 500 And Nasdaq To New Highs
[Chart courtesy of MarketWatch.com] Moving the Markets Today it was a battle between earnings and uncertainty over Trump’s pro-business agenda. At least for today, earnings won the battle, and the major indexes rode the positive momentum higher. The materials and financial sectors fared the best climbing 2.5% and 1.2% respectively. With earnings season heating up, so far S&P profits are …
Trade Concerns Pull Equities Lower—Gold Up
[Chart courtesy of MarketWatch.com] Moving the Markets While equities started the day on a negative note, they did improve throughout the session and ended only fractionally lower. The post-election rally hit another snag as Trump’s protectionist stance on trade did nothing to soothe the bullish crowd on Wall Street. First, Trump signed paperwork to formally withdraw the US from the …
One Man’s Opinion: Donald And The Dollar
Authored by Antonius Aquinas via Acting-Man.com, No Country Can be Made Great by Devaluation John Connally, President Nixon’s Secretary of the Treasury, once remarked to the consternation of Europe’s financial elites over America’s inflationary monetary policy, that the dollar “is our currency, but your problem.” Times have certainly changed and it now appears that the dollar has become an American problem. Richard Nixon …
ETFs On The Cutline – Updated Through 01/20/2017
Below please find the latest High Volume ETFs Cutline report, which shows how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 366 High Volume ETFs ETFs, defined as those with an average daily volume of more than …